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Personal loan
Short term and long term loans
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[QUOTE="btaliat, post: 204596, member: 26390"] The aim of the loanee and what the loan what to be used for will determine whether it is a long or short term one. If the loan is aiming at solving immediate issues and the repayment won't take more than 5 years, then it can be termed short loan. Majorly most big business owners always aim at obtaining long term loans which will ensure proper expansion of their businesses and ensure the term of repayment favours the loanee. [/QUOTE]
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